News Headlines:
OIL DAYBOOK EUROPE: China Set for Pick-Up in Buying; EIA Data (Bloomberg)
China’s independent refiners, known as teapots, are set for crude-buying splurge as they seek to use import quotas before they expire.
* OIL FUTURES: Oil Slips From High as Report Shows Stockpiles Up
China’s Crude Imports From Oman, Malaysia Climb; Russia Drops (Bloomberg)
China’s Sept. crude imports from Oman and Malaysia rose, while those from Russia and Saudi Arabia fell, according to government data.
* Country breakdown for Sept. vs Aug. :
** Oman 4.17m tons vs 3.29m tons
** Malaysia 1.92m tons vs 1.75m tons
** Saudi Arabia 7.96m tons vs 8.06m tons
** Russia 6.14m tons vs 6.53m tons
** Iraq 4.4m tons vs 5.84m tons
** UAE 2.94m tons vs 2.58m tons
** Angola 3.14m tons vs 3.28m tons
** U.S. 674k tons vs 963k tons
** Brazil 1.61m tons vs 3.55m tons
** Kuwait 2.38m tons vs 2.51m tons
** Shipments from Iran were zero for a 9th straight month
* READ: China’s Oil Imports Fell From a Five-Month High in September
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FIS Tankers Daily Report 2021-10-20
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